fbpx

Cosmic Challenge FAQ

  • Complete the 1st phase of the challenge by meeting the 8% profit target and adhering to trading rules. 
  • Upon successful completion of 1st phase, progress to the 2nd phase, which involves meeting 4% targets and rules. 
  • After successfully passing both steps, complete the KYC verification and sign the agreement process to activate your funded account. 

Daily Drawdown:  

Daily Drawdown is the maximum loss a trader can incur within a single trading day. At Prime Fund 360, the daily drawdown is set at 4% of the starting balance or equity for the day. If this limit is exceeded, the account may be disqualified or restricted.

Max Overall Drawdown:

The maximum allowable loss from the initial capital is 8%. This means that your total losses cannot exceed 8% of the initial capital. This limit helps in managing risk and protecting the firm’s capital. Exceeding this limit will lead to disqualification from the challenge.

Profit Split:

  • Standard Profit Split: 70% for the trader and 30% for the firm. 
  • Profit Split Adjustments: Option to increase profit split through add-ons. 
  • Payout Information: 
  • Default Payout Frequency: Bi-Weekly. 
  • Available Payout Methods: Direct Crypto, Bank Transfer. 
  • Add-on Options: Daily Payouts available with the Daily Add-on. 
  • No Minimum Add-on: Allows passing the challenge without minimum trading days and enables on-demand payouts. 
  • Profit Split Add-on: Increases profit split to 80% for the trader and 20% for the firm. 
  • Leverage Add-on: Boosts leverage from 1:10 to 1:20. 
  • Daily Add-on: Changes payout frequency to daily.

Profit Target

  • Phase 1 Target: Achieve a profit of 8% above the initial capital provided for the first phase of the challenge 
  • Phase 2 Target: Achieve a profit of 5% above the initial capital provided for the second phase of the challenge. 
  • Target Details: Specific profit targets will be outlined at the beginning of each phase based on the initial capital chosen. 

Risk Management 

  • Objective: Adhere to risk management rules to protect trading capital. 
  • Daily Drawdown: 4% – The maximum loss you can incur in a single trading day.
    Maximum Loss: 8% – The total maximum loss allowed from your initial account balance.
  • Trading Rules Compliance: Ensure all trades adhere to specified limits on trade size, position limits, and leverage. 

Prohibited Practice 

  • Speculative Trading Only: The program is designed for speculative trading strategies. Non-speculative trading behaviors are prohibited. 
  • Arbitrage Trading: It is prohibited to use strategies that exploit price discrepancies or glitches, known as arbitrage trading. 
  • High-Frequency Trading: High-frequency trading, where the majority of trades last only a few seconds, is not allowed. 
  • Bracketing Strategies: Avoid opening pending orders around high-impact news events. 
  • Technology Interference: Any technology that interferes with the platform’s networking is prohibited. 
  • System Exploitation: Do not intentionally or unintentionally exploit system errors, inaccuracies, or delays in price display. 
  • External Feeds: Executing trades based on external feeds is prohibited. 
  • Trade Manipulation: Avoid manipulating trades through collaboration, connected accounts, or simultaneous opposing positions. 
  • Software and AI: The use of software, AI, ultra-high speed trading, or mass data entry that provides an unfair advantage is not allowed. 
  • Gap Trading: Performing gap trading is prohibited. 
  • Market Conduct: Do not execute trades that contradict typical market practices or may cause financial harm to the service provider. 
  • Price Discrepancies: Exploiting price discrepancies between the PrimeFund360 platform and other feeds is not allowed. 
  • Coordination and Copy Trading: Trade coordination or copy trading with other traders or accounts is prohibited. 

Expert Advisors (EAs): The use of Expert Advisors that scalp during the rollover night, or any EA that performs the following is prohibited: 

  • Copying trades from other signals 
  • Tick scalping 
  • Latency, reverse, or hedge arbitrage trading 
  • Using emulators